Equities research analysts expect Green Plains Partners LP (NASDAQ:GPP) to announce $27.12 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Green Plains Partners’ earnings, with the lowest sales estimate coming in at $25.60 million and the highest estimate coming in at $29.60 million. Green Plains Partners posted sales of $28.25 million in the same quarter last year, which suggests a negative year over year growth rate of 4%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that Green Plains Partners will report full-year sales of $105.72 million for the current fiscal year, with estimates ranging from $103.10 million to $110.40 million. For the next financial year, analysts anticipate that the business will report sales of $92.70 million, with estimates ranging from $87.09 million to $102.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Green Plains Partners.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings data on Wednesday, November 7th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). Green Plains Partners had a net margin of 54.74% and a negative return on equity of 88.58%. The firm had revenue of $25.77 million during the quarter, compared to analysts’ expectations of $28.53 million.

A number of research firms have recently commented on GPP. BidaskClub raised shares of Green Plains Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of Green Plains Partners from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. Robert W. Baird reissued a “buy” rating and set a $18.00 target price (down previously from $20.00) on shares of Green Plains Partners in a research note on Friday, September 14th. ValuEngine raised shares of Green Plains Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, Stifel Nicolaus cut their target price on shares of Green Plains Partners from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.20.

GPP traded up $0.03 on Tuesday, reaching $14.39. The stock had a trading volume of 80,840 shares, compared to its average volume of 59,257. Green Plains Partners has a 12-month low of $13.30 and a 12-month high of $19.10. The stock has a market capitalization of $458.03 million, a price-to-earnings ratio of 7.95, a PEG ratio of 0.56 and a beta of 0.40.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Friday, November 2nd were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $1.90 annualized dividend and a yield of 13.20%. Green Plains Partners’s dividend payout ratio is presently 104.97%.

In related news, CEO Todd A. Becker sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $14.65, for a total transaction of $73,250.00. Following the completion of the sale, the chief executive officer now owns 57,556 shares of the company’s stock, valued at approximately $843,195.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley boosted its holdings in Green Plains Partners by 5.3% in the 3rd quarter. Morgan Stanley now owns 1,060,379 shares of the transportation company’s stock valued at $15,799,000 after purchasing an additional 53,809 shares during the last quarter. Bank of America Corp DE boosted its holdings in Green Plains Partners by 673.7% in the 2nd quarter. Bank of America Corp DE now owns 63,904 shares of the transportation company’s stock valued at $1,096,000 after purchasing an additional 55,645 shares during the last quarter. Raymond James & Associates boosted its holdings in Green Plains Partners by 11.4% in the 2nd quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock valued at $688,000 after purchasing an additional 4,123 shares during the last quarter. Western Standard LLC acquired a new position in Green Plains Partners in the 2nd quarter valued at about $366,000. Finally, GSA Capital Partners LLP acquired a new position in Green Plains Partners in the 2nd quarter valued at about $206,000. 15.83% of the stock is owned by institutional investors.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.

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